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something tells me again i think we'll have another fiscal cliff panel soon. next up, harry reid and the nuclear option. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. >>> filibuster is far from a procedural gimmick. it's part of the fabric of this institution we call the senate. it was well-known in colonial legislature before we became a country. and it's an entry federal part of our -- entr intri gal part of our history. >> it's a fundamental power grab by the majority party. >> checks and balances that americans prize are at stake. i will do everything i can to prevent the nuclear option from being invokeed. not for sake of myself or my party. but for the sake of this great republic and its traditions. >> everyone in this chamber knows if the majority chooses to end the filibuster, if they choose to change the rules and put an end to democratic
something tells me again i think we'll have another fiscal cliff panel soon. next up, harry reid and the nuclear option. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. >>> filibuster is far from a procedural gimmick. it's part of the fabric of this institution we call the...
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Nov 28, 2012
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has president obama put this s fiscal cliff plan on the table. one member of the senate says it is time for president obama to tell america what this man is. that senator is pat toomey of pennsylvania. he is going to join us here in 25 minutes. next up is the republican party about to lose it's soul and principles over the fiscal cliff debate. why is nobody talking ip t inin media about spending cuts. let's talk to brent great to see you on the show. thank you for coming. let me start with this thought. over this fiscal cliff debate. nobody is cutting spending. everybody is talking about taxes. is the gop losing it's soul and principles? >> no one is being serious in it's debate. the fellow from adi is making sound statements. but he is whistling past the graveyard. there is no problem that the obama budget calls for spending giving us a deficit of $1 trillion per year as far as the eye can see. tax cuts didn't cause this. it is spending that caused this. you go to spending. you have the cpo itself is saying the only way to do this is getting oba
has president obama put this s fiscal cliff plan on the table. one member of the senate says it is time for president obama to tell america what this man is. that senator is pat toomey of pennsylvania. he is going to join us here in 25 minutes. next up is the republican party about to lose it's soul and principles over the fiscal cliff debate. why is nobody talking ip t inin media about spending cuts. let's talk to brent great to see you on the show. thank you for coming. let me start with this...
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Nov 27, 2012
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more worries about this darn fiscal cliff. that could send the economy into recession if washington doesn't make a deal to soften the draconian spending cuts. and the tax increases by the end of the year. i say could, meaning i believe it will. we need to take a cautious approach when it comes to retail because of the cliff. a lot of retailers are running right now. but we want to own something that won't be hurt too badly if we do go over the cliff. a stock that's pulled back dramatically of late. i'm talking about ross stores. r-o-s-t. the company behind two off-price retail concepts we can't get enough of here on "mad money." ross is an off price play like tjx, another strong, strong player, where people go to get terrific deals on merchandise that's been marked down dramatically. the company's pretty much immunized against a fiscal cliff. well, at least one that induces a recession. consider t hat since 2005, ross stores has had only a single quarter of negative same-store sales growth during the great recession in 2009. j
more worries about this darn fiscal cliff. that could send the economy into recession if washington doesn't make a deal to soften the draconian spending cuts. and the tax increases by the end of the year. i say could, meaning i believe it will. we need to take a cautious approach when it comes to retail because of the cliff. a lot of retailers are running right now. but we want to own something that won't be hurt too badly if we do go over the cliff. a stock that's pulled back dramatically of...
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Nov 29, 2012
11/12
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>> everyone talks about the fiscal cliff. i referred to it as the fiscal speedbump. no matter what happens, we are not going to revert a tax increase in some kind of drag on economic activity next year. even if there is no grand bargain that we are all talking about, the shrinking of the federal deficit, whether by spending cuts or tax increases, it will be a drag on economic growth for the next few years. dagen: is that what you have 1.63 roughly on the ten year? >> the federal reserve is drunk. while back the fed is distorting the bond work it. dagen: does it make sense that the fed is likely to continue the bond buying into the next year? does that make any sense on the planet? >> well, look, i thought qe1 was absolutely essential. qe2 i understood why we did it. qe3, i do not get it. i think the fed is making a mistake here. they could have achieved the same or even a better objective by following a different policy. this is the path we are on. doctor bernanke is obviously completely preoccupied with the risks of having a depression and he is throwing as much mon
>> everyone talks about the fiscal cliff. i referred to it as the fiscal speedbump. no matter what happens, we are not going to revert a tax increase in some kind of drag on economic activity next year. even if there is no grand bargain that we are all talking about, the shrinking of the federal deficit, whether by spending cuts or tax increases, it will be a drag on economic growth for the next few years. dagen: is that what you have 1.63 roughly on the ten year? >> the federal...
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Nov 29, 2012
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and that needs to be remembered when we're talking about the fiscal cliff. now, women really are, in fact, bearing the primary burden of all of these cuts. and so what we're saying is, let's don't engage in these cuts. let's have an aggressive jobs policy, put people to work, bring more money into the federal treasury, and lower the deficit that way. and, obviously, tax the millionaires and billionaires fairly for the first time in 30 years. >> right. >> so, terry, aggressive jobs program. great. that's the third way. president obama submitted to congress the american jobs act last september. so are you suggesting -- are you suggesting that that bill be passed? are you suggesting that it be reworked, junked and recreated? the second part of that question is, what are you going to do? what is now going to do to ensure that it gets passed? >> i would really much rather representative john connier's jobs bill be passed. it's much more aggressive. january ja cow ski also has a wonderful jobs bill. president obama's is much more modst. but it does lead us beginni
and that needs to be remembered when we're talking about the fiscal cliff. now, women really are, in fact, bearing the primary burden of all of these cuts. and so what we're saying is, let's don't engage in these cuts. let's have an aggressive jobs policy, put people to work, bring more money into the federal treasury, and lower the deficit that way. and, obviously, tax the millionaires and billionaires fairly for the first time in 30 years. >> right. >> so, terry, aggressive jobs...
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Nov 29, 2012
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>> definitely the fiscal cliff. what you were talking about yesterday, boehner's comments really turned things around for the markets, all this sense of optimism all of a sudden. we saw the markets go from down triple digits for the dow up to triple digits. we haven't seen a swing like that since over a year ago. it's been october of 2011 was the last time it happened. it's definitely the fiscal cliff driving things. we heard commentary from lloyd blankfein, between that and the lead story -- one of the top stories on the front page of the "wall street journal" suggesting the president is flexible on the tax hikes, that sounds like a deal might get done. you see a gain of 50 or 60 points. gdp up 2.7% from 2%. there was concerning things when you dig into the numbers, it's all fiscal cliff all the time here, chuck. >> oh, hopefully, as you guys say, it will all -- people will rise above, right, becky? >> that's right. >> i know. i see the button. up next, we're taking a deep dive into the u.s. relationship with afgha
>> definitely the fiscal cliff. what you were talking about yesterday, boehner's comments really turned things around for the markets, all this sense of optimism all of a sudden. we saw the markets go from down triple digits for the dow up to triple digits. we haven't seen a swing like that since over a year ago. it's been october of 2011 was the last time it happened. it's definitely the fiscal cliff driving things. we heard commentary from lloyd blankfein, between that and the lead...
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Nov 21, 2012
11/12
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does go off the fiscal cliff. did ben bernanke say anything yesterday about what he could do if the u.s. goes off a cliff in january? guest: he was pretty clear that the fed is doing what it can do now. whatever damaged baby caused by the fiscal cliff, the fed is really going -- is not going to be able to offset that much. it is doing what it can now. if congress does something to make the economy worse, the fed will do whatever it can. it will not have the power to do much to offset whatever damage is done by going off the fiscal cliff. host: thanks so much for joining us this morning. guest: thank you. host: we want to play a few of ben bernanke's comments from yesterday. [video clip] >> the federal budget is on an unsustainable path. the budget deficit which peaked at about 10% of gdp in 2009 and now is 7% of gdp is expected to narrow further in the coming years as the economy continues to recover. the cbo projects that under a plausible set of assumptions, the budget deficit would still be greater than 4% of g
does go off the fiscal cliff. did ben bernanke say anything yesterday about what he could do if the u.s. goes off a cliff in january? guest: he was pretty clear that the fed is doing what it can do now. whatever damaged baby caused by the fiscal cliff, the fed is really going -- is not going to be able to offset that much. it is doing what it can now. if congress does something to make the economy worse, the fed will do whatever it can. it will not have the power to do much to offset whatever...
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Nov 28, 2012
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, falling off the fiscal cliff is the solution. rod jones writes, we are all in this together, revenue needs to be raised more, not less, and cuts are inevitable because of the lack of legislative action. you can go to facebook page there, like us, and become a fan. warren buffett and carol loomis will join us after this break. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now -- but hurry, the offer ends soon. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a mo
, falling off the fiscal cliff is the solution. rod jones writes, we are all in this together, revenue needs to be raised more, not less, and cuts are inevitable because of the lack of legislative action. you can go to facebook page there, like us, and become a fan. warren buffett and carol loomis will join us after this break. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today,...
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Nov 27, 2012
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there's plenty to disagree about, from the fiscal cliff to chris yisy. joining me now to battle it out and the republican strategiest ali stewart. let me start with you. i heard from grover norquist and from rick santorum tonight and they all seem ton wrestling now with the possibility that this pledge that's really held them all to ransom for so long on income tax rises in particular may just have to be all thorred in how they deal with that. you know what? forget all the pledges before this election has happened. we got beaten again and beaten badly. it's time to rethink, regroup, and be open to new ideas. >> well, the fact of the matter is this was a pledge that a lot of people that i've worked for made to their constituents. we don't have a problem in washington with taxing. we have a problem as senator with overspending. i talked with my congressman today, and he said for argument sake we give the president every single tax increase he wants. every single one of of them on the wealthiest americans and on all american. if we give them all those we sp
there's plenty to disagree about, from the fiscal cliff to chris yisy. joining me now to battle it out and the republican strategiest ali stewart. let me start with you. i heard from grover norquist and from rick santorum tonight and they all seem ton wrestling now with the possibility that this pledge that's really held them all to ransom for so long on income tax rises in particular may just have to be all thorred in how they deal with that. you know what? forget all the pledges before this...
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if we let -- go over the fiscal cliff, it's going to solve our fiscal problems. the deficit will essentially go away. the bad side we're in a deep recession and the deficit will go away. this is an economy that can't afford to have 4% of our spending disappear just next year. we'll see a recession next year almost for sure and for certain. so that's the sense in which i think this is something to worry about. we want -- the recovery is faltering right now and we really don't need congress clubbing it over the head again, pushing us back down yet again. >> yet again. justin, thank you, sir, from the university of michigan. great to have you. >> thanks, alex. >> catch one of the key players in the fiscal cliff negotiations right here on "now" when senator patty murray joins us tomorrow at noon eastern. >>> and coming up after their romney nominee received just over a quarter of the latino vote republicans say they're ready to put up when it comes to comprehensive immigration reform. what are they doing about it? so far putting up a lot of window dressing. the displ
if we let -- go over the fiscal cliff, it's going to solve our fiscal problems. the deficit will essentially go away. the bad side we're in a deep recession and the deficit will go away. this is an economy that can't afford to have 4% of our spending disappear just next year. we'll see a recession next year almost for sure and for certain. so that's the sense in which i think this is something to worry about. we want -- the recovery is faltering right now and we really don't need congress...
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Nov 25, 2012
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congressional leaders are hoping to hammer out a deal to avoid the fiscal cliff. it is clear that the lawmakers are strug struggling to find a common ground. but some are saying there is a compromise. >> the stock market rallied amidst the talk of a possible deal being made. but independent senator joe lieberman is saying there is no done deal. he says, if congress does nothing, which they have gotten pretty good at, we will go over the fiscal cliff. the republicans have conceded that the government needs to find new ways to take in more money and now the fight is centered on where to get it from. >> i would be very much opposed to raising tax rates. but i believe we can change loopholes. >> i want entitlement reforms. democracies promise to cut spending. we never cut spending. i am looking for revenue for entitlement reform. >> reporter: senator graham says age adjustment and means testing for medicare and social security is a reasonable thing. but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come
congressional leaders are hoping to hammer out a deal to avoid the fiscal cliff. it is clear that the lawmakers are strug struggling to find a common ground. but some are saying there is a compromise. >> the stock market rallied amidst the talk of a possible deal being made. but independent senator joe lieberman is saying there is no done deal. he says, if congress does nothing, which they have gotten pretty good at, we will go over the fiscal cliff. the republicans have conceded that the...
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it's so ridiculous it makes you want to jump over the fiscal cliff. in terms of raising the debt limit again. let me put this out there. the reason for that is they don't want to go through this exercise of talking about spending cuts. >> the other part of what i was going to say many democrats want to reform entitlements as long as it doesn't hurt beneficiaries. if you are going to talk to me about tax raising. we are talking about the bush clauses, the bush taxes which are supposed to end after 9 years because they knew there would be huge deficits after that. >> this is not even serious. everybody agrees taxes are going up. taxes are going up on rich people period. the real question is how are you going to pull back on spending? we have a debt larger than our economy because of spending, specifically medicare spending. they are totally unwilling and unserious to even have the conversation. >> let's talk about that issue allen brought up. i had representative chris van hollen on here yesterday. what about slowly raising the age from the future. gett
it's so ridiculous it makes you want to jump over the fiscal cliff. in terms of raising the debt limit again. let me put this out there. the reason for that is they don't want to go through this exercise of talking about spending cuts. >> the other part of what i was going to say many democrats want to reform entitlements as long as it doesn't hurt beneficiaries. if you are going to talk to me about tax raising. we are talking about the bush clauses, the bush taxes which are supposed to...
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only you can avoid the fiscal cliff. talk back question today, will the president's fiscal cliff road tour work? have a good night. here you go. you, too. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. for the latest smartphone. you wanna see if walmart has the same phone, for less? let's see! samsung galaxy s3 --- you could save over $50. no way! and -- you get a $100 gift card. are you serious?! yes! see for yourself how much you can save on the smartphones you want for christmas. walmart. up high! ok. don't you have any usefull apps on that thing? who do you think i am, quicken loans? ♪
only you can avoid the fiscal cliff. talk back question today, will the president's fiscal cliff road tour work? have a good night. here you go. you, too. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of...
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they have a little time before fiscal cliff. lack of progress. >> we are a little over four weeks away from the fiscal cliff and still no progress. there is a massive tax hike in spending cuts, it only intensifies on comments by harry read essentially confirming the budget talks still remain worlds apart. the dow down nearly 90 points. >> this will be a big topic in the future. college loan debt. that could be the next housing bubble. >> the federal lending making college education to any one is really only creating a pile of debt so large that since 2007 it has risen 56 percent while other forms of debt like auto debt mortgage debt that declined. u.s. student debt rose $950 billion according to the federal bank of new york. now 11 percent of those balances are at least 90-days late. that is higher than credit card late payments for the first time in history. >> if the student continue to default that is the u.s. taxpayers picking up the tabs. >> most of the student debt is in the grace period so the number is probably even high
they have a little time before fiscal cliff. lack of progress. >> we are a little over four weeks away from the fiscal cliff and still no progress. there is a massive tax hike in spending cuts, it only intensifies on comments by harry read essentially confirming the budget talks still remain worlds apart. the dow down nearly 90 points. >> this will be a big topic in the future. college loan debt. that could be the next housing bubble. >> the federal lending making college...
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Nov 29, 2012
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host: julie, let's start with the fiscal cliff. where does health policy, health care fit into this if at all? guest: obviously what -- there's nothing about the fiscal cliff that particularly impacts the health law. we do know that starting january 1, if congress does not act, there are these automatic cuts that take effect. compared is impacted only slightly. there will be 2% cut to payments to providers, not to beneficiaries, medicaid is excluded. however also on january 1, this is not part of this whole sequester piece, there is the problem medicare physician fees, the perennial problem, it happens to also expire in conjunction with everything else that happens on january 1. there would be a 27% cut to doctor payments under medicare, something that congress continues to not let happen, but they have to find several billion dollars, or if they want to make it go away for good, several hundred billion dollars to fix that problem. so there are a lot of health related issues involved in these negotiations. there are a lot of people
host: julie, let's start with the fiscal cliff. where does health policy, health care fit into this if at all? guest: obviously what -- there's nothing about the fiscal cliff that particularly impacts the health law. we do know that starting january 1, if congress does not act, there are these automatic cuts that take effect. compared is impacted only slightly. there will be 2% cut to payments to providers, not to beneficiaries, medicaid is excluded. however also on january 1, this is not part...
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Nov 29, 2012
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everybody knows about the fiscal cliff. this is a new moment filled with brett but that threat is also an opportunity. if we cannot do it now, and they know what the changes need to be but they have something that is forcing them to do it. this is the best moment we have had. let us hope we do not go through a political battle with a fight it out. we are left frustrated because they cannot govern. and the headlines the next day says u.s. still faces huge fiscal problems. but we really want them to do is put in place a plan big enough to fix the problem. double be but will have the outside of the certainty -- that will be what will have the outside -- upside of the certainty. the whole world is watching. the world is routine for us. people want the united states to climb out of this whole and fix this problem. the clock is ticking. thank you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] what next, the former court shares of the former the opposite commission
everybody knows about the fiscal cliff. this is a new moment filled with brett but that threat is also an opportunity. if we cannot do it now, and they know what the changes need to be but they have something that is forcing them to do it. this is the best moment we have had. let us hope we do not go through a political battle with a fight it out. we are left frustrated because they cannot govern. and the headlines the next day says u.s. still faces huge fiscal problems. but we really want them...
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rethink possible. >> we're 36 days away from the fiscal cliff. lawmakers say the stakes are very high. the question tonight is that compromise in the air? >> 36 days ago until deep spending cuts and tax increases go into effect. >> we have been open to revenue by closing loopholes as long as this time the spending cuts >> there have to be compromises and seeking the middle of the road is not acceptable. is the only way forward. >> various republicans in congress signed and agreed to never vote for higher taxes. some of the right are willing to break that pledge of for the right deal. >> i will violate the pledge of long story short for the good of the country. only if democrats will do retirement reforms. >> we should not be taken by and clad positions >> grover norquist takes issue with that >> if you wanna go to your voters and say i promise you this and i'm breaking my promise you can have that conversation with them but your not having an argument with me. >> a new poll shows two- thirds of people prefer a budget plan with a mix of spending c
rethink possible. >> we're 36 days away from the fiscal cliff. lawmakers say the stakes are very high. the question tonight is that compromise in the air? >> 36 days ago until deep spending cuts and tax increases go into effect. >> we have been open to revenue by closing loopholes as long as this time the spending cuts >> there have to be compromises and seeking the middle of the road is not acceptable. is the only way forward. >> various republicans in congress...
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Nov 29, 2012
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tim geithner is the point person for negotiating the fiscal cliff,/after launch. martha: that is not tim geithner. bill: that is not. but that is. they're talking. not just harry reid he is talking to. republican leaders on the house side too so critical of this, john boehner, eric cantor. how will these talks go? we'll follow it and let you know what is happening in two minutes when we continue. >> i'm trying not to paint us into too many boxes where i paint john boehner into a box that tells him what to do. year again and now -- i got a great new way to get deals. it's called bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i pay. and i get as much as 15% cash back -- put into my account. this is on top of other rewards and discounts i already get. best of all -- it's free. happy holidays. [ male announcer ] introducing bankamerideals, free for online banking customers. sign in to your online banking to choose your deals today. now is a good time to think ab
tim geithner is the point person for negotiating the fiscal cliff,/after launch. martha: that is not tim geithner. bill: that is not. but that is. they're talking. not just harry reid he is talking to. republican leaders on the house side too so critical of this, john boehner, eric cantor. how will these talks go? we'll follow it and let you know what is happening in two minutes when we continue. >> i'm trying not to paint us into too many boxes where i paint john boehner into a box that...
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Nov 26, 2012
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to that fiscal cliff? the number three republican in the house, kevin mccarthy is going to be here in "the situation room." the house majority whip. and also alan krueger, the chairman of the president's council of economic advisers is going to be here as well. we're trying to gauge if there's going to be a deal or no deal and what it means for our viewers. glad you noticed, brooke. >> of course i noticed. i was so proud of you. i was proud of cnn. i thought the coverage was incredible, watching back here in the u.s. but i have to ask, i know you have a daughter and a lovely wife. did you get a chance to have a thanksgiving? >> yes, i got back in time for thanksgiving. i flew all night. tel aviv, frank forfurtrankfurt here to d.c. i had turkey and cranberry sauce and all that. here's a question i'm going to ask you, brooke -- a year ago last night, where were you -- >> ding. b.e.t. soul train awards. >> did you watch last night? >> i did not. >> what do you mean you did not? i watched, of course. >> if i'm
to that fiscal cliff? the number three republican in the house, kevin mccarthy is going to be here in "the situation room." the house majority whip. and also alan krueger, the chairman of the president's council of economic advisers is going to be here as well. we're trying to gauge if there's going to be a deal or no deal and what it means for our viewers. glad you noticed, brooke. >> of course i noticed. i was so proud of you. i was proud of cnn. i thought the coverage was...
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the fiscal cliff divers? it is our belief in president's belief as being spelled out in the plant today, it would rain damage being done to the economy if we do not extend tax cuts for the middle-class and address the other elements of the fiscal cliff and, more broadly speaking, address our long term fiscal challenges and how the economy creates jobs. we need to get this done and that is what we're working on. >> one more? >> olivier, alexis, april. >> you have said repeatedly "we" have expressed concerns? >> i would refer to the state department. >> were you for warrant that mr. mursi was going to do this? -- were you forewarned mr. morsi was going to do this? >> these are separate issues. we have raised our concerns and that, i think in party answers your question. secretary clinton is focused on working with the president down others, prime minister netanyahu, to help bring about a ceasefire and other allies can be saved and the possibility of moving forward on negotiations for more enduring peace could b
the fiscal cliff divers? it is our belief in president's belief as being spelled out in the plant today, it would rain damage being done to the economy if we do not extend tax cuts for the middle-class and address the other elements of the fiscal cliff and, more broadly speaking, address our long term fiscal challenges and how the economy creates jobs. we need to get this done and that is what we're working on. >> one more? >> olivier, alexis, april. >> you have said...
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he is pushing his plan to try to avoid the year-end fiscal cliff. this speech comes ahead of a meeting between the president and business leaders later today discussing actions the white house says are aimed at growing the economy and finding a quote, balanced approach to reducing the nation's deficit. let's bring in our panel. mary katharine ham editor-at-large of hot air.com and fox news contributor. peter mirijanian former advisor to the clinton-gore and gore-lieberman campaigns. when the president arrives at the white house to speak, he will have people behind him, ordinary americans who reached out to the white house and want their $2,000 middle class tax cut preserved. republicans are saying this is essentially a campaign stunt, a campaign appearance kind of event of the he won the election. he should get on the business of governing. what do you say? >> well, one quick observation, jon. i think what you're seeing, what i think is interesting the first social media presidency. this administration using technology and using social media to adva
he is pushing his plan to try to avoid the year-end fiscal cliff. this speech comes ahead of a meeting between the president and business leaders later today discussing actions the white house says are aimed at growing the economy and finding a quote, balanced approach to reducing the nation's deficit. let's bring in our panel. mary katharine ham editor-at-large of hot air.com and fox news contributor. peter mirijanian former advisor to the clinton-gore and gore-lieberman campaigns. when the...
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Nov 29, 2012
11/12
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will we avoid going over the fiscal cliff? senator chris coons will tell us that when we come back here on the "full court press." nothing like pressure here. >> announcer: this is the "full court press." the "bill press show." live on your radio and on current tv. i think the number one thing that viewers like about the young turks is that we're honest. they can question whether i'm right, but i think that the audience gets that this guy, to the best of his ability, is trying to look out for us. (vo) as marijuana gains social and legal acceptance, a new pioneer is emerging from the backwoods. >> i'm basically like a farmer. instead of corn, you've got dope. (vo) but what is legal and what is criminal? >> this is, no matter what you (vo) follow real farmers staking their claim on a new frontier. >> lots of terrible things happen to people growing marijuana. >> this crop to me is my livelihood. >> i have everything invested in this. >> announcer: on your radio and on current tv, this is the "bill press show." >> bill: here we g
will we avoid going over the fiscal cliff? senator chris coons will tell us that when we come back here on the "full court press." nothing like pressure here. >> announcer: this is the "full court press." the "bill press show." live on your radio and on current tv. i think the number one thing that viewers like about the young turks is that we're honest. they can question whether i'm right, but i think that the audience gets that this guy, to the best of his...
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Nov 22, 2012
11/12
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CSPAN
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clearly, when you look at the fiscal condition, the consequences of going over the fiscal cliff -- republicans are going to have to abrogate that pledge. it is not conservatism bound to 35% tax rate. that is not one of the immutable principles of american conservatism. we want taxes to be as low as they can possibly be while running a government that is not bankrupt and in structural deficit for as far as the eye can see. you will have to see republican leaders step up here and meet the president's somewhere in the middle on this to get the country's fiscal path on a path to solvency so we can start to have economic growth again in the country. >> do you want to comment a little bit about what you expect from the next six weeks? not even six weeks? however many weeks it is now between -- between now and the start of this booklet. working in the white house limits what you can say, but how you see his plan at between now and january? >> steve is exactly right, all the you are seeing a very concerted members of the house dig in on a no revenues. it is good to see many republicans saying yes. i c
clearly, when you look at the fiscal condition, the consequences of going over the fiscal cliff -- republicans are going to have to abrogate that pledge. it is not conservatism bound to 35% tax rate. that is not one of the immutable principles of american conservatism. we want taxes to be as low as they can possibly be while running a government that is not bankrupt and in structural deficit for as far as the eye can see. you will have to see republican leaders step up here and meet the...
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Nov 27, 2012
11/12
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as we approach the fiscal cliff, democrats are ready to make those tough choices. i hope my republican freandzs, theespecially those who claim ty put mo claim before their pledge can say the same. mr. mcconnell: mr. president? the presiding officer: the republican leader. mr. mcconnell: yesterday i came to the floor to discuss what's known as the fiscal cliff, a mix of automatic tax hikes and defense cuts that are set to hit at the end of the year jeopardizing our security as well as our economy. my message was pretty simple. a solution is possible. republicans have been reasonable and president needs to lead. he is the only one who can get us to a solution. if that's what he wants, we'll succeed. so it was with some concern that i read this morning that the president plans to hit the road next week to drum up support for his own personal approach to the short- and long-term fiscal challenges we face. in other words, rather than sitting down with lawmakers of both parties and working out an agreement, he's back on the campaign trail, presumably with the same old ta
as we approach the fiscal cliff, democrats are ready to make those tough choices. i hope my republican freandzs, theespecially those who claim ty put mo claim before their pledge can say the same. mr. mcconnell: mr. president? the presiding officer: the republican leader. mr. mcconnell: yesterday i came to the floor to discuss what's known as the fiscal cliff, a mix of automatic tax hikes and defense cuts that are set to hit at the end of the year jeopardizing our security as well as our...
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Nov 29, 2012
11/12
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going over the fiscal cliff fiss serious business. i am here seriously trying to resolve it and i would hope the white house would get serious as well. >> based on the meeting with secretary geithner or your phone call with president obama 09 -- obama side, can you tell us something about that phone call? >> we had a very nice conversation last night. it was direct and straightforward. but the assessment i give you today would be a product of both of those conversations. >> how much would you be open to the idea of discretionary spending cuts as far as a down payment to get to a long-range solution on entitlements? >> there are a lot of options on the table, including that one. >> [indiscernible] you are acknowledging that there will. >> the day after the election, i came here and i made it clear that republicans would put revenue on the table as a way to begin to move the process to get this resolved. >> right, so my question is what message do you have for people who are in the negotiating position or believe that it is inevitable t
going over the fiscal cliff fiss serious business. i am here seriously trying to resolve it and i would hope the white house would get serious as well. >> based on the meeting with secretary geithner or your phone call with president obama 09 -- obama side, can you tell us something about that phone call? >> we had a very nice conversation last night. it was direct and straightforward. but the assessment i give you today would be a product of both of those conversations. >>...
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Nov 28, 2012
11/12
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well, i am very concerned about what i call the fiscal cliff. yesterday politicoy reported that some -- "politico" reported that some democrats want to start calling it "the fiscal slope." it time to start looking for solutions. president obama has said repeatedly that it wants to take a balanced approach, and this balanced approach should govern how we deal with other issues as well, on how democrats work with republicans in the senate. given the challenges we face, it is unfortunate that some of the president's closest allies here in the senate are pushing the exact opposite approach. the majority leader and some members of his party have now proposed that what wo would be n unprecedented power grab that would forever change this body's rules. it would make it harder to find common ground. i am speaking about the democratic plan to change the rules of the senate to drays drastically limit the use of the filibuster. the majority leader would take i believe a dangerous step toward abolishing the rights of the political minority and restricting t
well, i am very concerned about what i call the fiscal cliff. yesterday politicoy reported that some -- "politico" reported that some democrats want to start calling it "the fiscal slope." it time to start looking for solutions. president obama has said repeatedly that it wants to take a balanced approach, and this balanced approach should govern how we deal with other issues as well, on how democrats work with republicans in the senate. given the challenges we face, it is...
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Nov 27, 2012
11/12
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that's the fiscal cliff. the other challenge is one that we've been dealing with for a long time now, the need to come to an agreement on a broad, balanced and comprehensive plan to reduce our deficits and debt and put us on a sustainable path economically in a way that protects the middle class, protects seniors and other vulnerable americans and continues to invest in our economy so it can grow and create jobs. the president's belief is that we can address both of these in a broad receive -- deficit reduction package but there's no question that we are -- that they are in many ways distinct. that's why when we talk about an immediate action a distinct, discreet action that congress could take if republicans in the house of representatives would agree to it, is to pass the tax cut, extending the so-called bush era tax cuts for 98 pk of the american people. let's do that right now, that's obviously not a comprehensive solution, it's a significant step toward a solution to the fiscal cliff. let's get that done
that's the fiscal cliff. the other challenge is one that we've been dealing with for a long time now, the need to come to an agreement on a broad, balanced and comprehensive plan to reduce our deficits and debt and put us on a sustainable path economically in a way that protects the middle class, protects seniors and other vulnerable americans and continues to invest in our economy so it can grow and create jobs. the president's belief is that we can address both of these in a broad receive --...
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Nov 25, 2012
11/12
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off the fiscal cliff would put the u.s. economy right back in recession and drive the jobless rate up to 9.1% by the end of next year according to the congressional budget office. and that would not be good, but speaker of the house, john boehner along with mitch mcconnell represents republicans at the negotiating table, says he's open to finding the federal government more ways it take in money. >> to show our seriousness, we'll put revenue on the table as long as it's accompanied by significant spending cuts. and while we're going to continue to have revenue on the table. for my colleagues to show the american people that we're serious about cutting spending and solving our fiscal dilemma. but, just because speaker boehner says he backs new revenue doesn't mean we should expect him to suddenly support a big tax increase for the wealthiest americans. >> president obama wants to let the bush era tax cuts expire, so, the top marginal tax rate would rise from 35% to 39.6% and that's going to be a major sticking point in the n
off the fiscal cliff would put the u.s. economy right back in recession and drive the jobless rate up to 9.1% by the end of next year according to the congressional budget office. and that would not be good, but speaker of the house, john boehner along with mitch mcconnell represents republicans at the negotiating table, says he's open to finding the federal government more ways it take in money. >> to show our seriousness, we'll put revenue on the table as long as it's accompanied by...
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Nov 27, 2012
11/12
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as we head into the fiscal cliff negotiations, my advice to the president would be -- seems like our friends on the other side are having difficulty turning off the campaign. we need to sit down and work this matter out. i think we have a clear sense and opportunity here at the end of the year to do something important for the country. we all know that the most critical steps to be taken are to save the entitlements, which are on an unsustainable path to bankruptcy. there's no better time to begin to fix that problem than right now. so i would hope our friends on the other side can kind of turn off the campaign and get into a cooperative mode here to reach a conclusion. which leads me to make a further observation about how unfortunate it is that the majority leader has chosen to create an extraordinary controversy here in the senate right here at a time when we ought to be encouraging maximum bipartisan cooperation, about threatening to employ the nuclear option, which is to break the rules in order to change the rules of the senate. i hope cooler heads will prevail as we move throu
as we head into the fiscal cliff negotiations, my advice to the president would be -- seems like our friends on the other side are having difficulty turning off the campaign. we need to sit down and work this matter out. i think we have a clear sense and opportunity here at the end of the year to do something important for the country. we all know that the most critical steps to be taken are to save the entitlements, which are on an unsustainable path to bankruptcy. there's no better time to...
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Nov 29, 2012
11/12
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cult, the fiscal cliff is the ng er difficult situation facing washington. and we just heard senator gndsey graham, a republican say the whiok, we've given a little bit. ho now we're waiting for the white ayed. to give a little bit on ectitlements is the game that's being played. what do whoa expect next? > we'll go back and forth. key thing to keep an eye on, is this tax rates going up. republicans, including lindsey graham, have talked about revenue. taxhe said i don't ever want to see tax rates go up. that's that's the key thing to watch. ortedjor reported, the president is saying tax rates must go up. we only way you're going to buy ans to get tans to get tax rates to go up would be to show some ewhere whereon somewhere where democrats would feel some pain thethat would be in the entitlement area. curity,sident doesn't want to ments social security and really republicansng to do something n ultimatws republicans to save ace in an ultimate deal where hey can say, look, this is what we got. we didn't just totally get rolled by the president. f front page o
cult, the fiscal cliff is the ng er difficult situation facing washington. and we just heard senator gndsey graham, a republican say the whiok, we've given a little bit. ho now we're waiting for the white ayed. to give a little bit on ectitlements is the game that's being played. what do whoa expect next? > we'll go back and forth. key thing to keep an eye on, is this tax rates going up. republicans, including lindsey graham, have talked about revenue. taxhe said i don't ever want to see tax...
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Nov 22, 2012
11/12
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MSNBCW
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happy thanksgiving. >>> and join meganow for more on what the fiscal cliff could mean for you, wanda summers and bob frankton. welcome to both of you. happy thanksgiving. >> happy thanksgiving. >> we had on the other day fed chairman ben bernanke who issued the dire warning to the president. i want to play what he said. here it is. >> the realization of all the tax increases and spending cuts that make up if fiscal cliff with offsetting changes would pose a substantial threat to the recovery. indeed by the reck anything of the congressional budget office, the cbo, and that of many outside observers, the fiscal shock of that size would send the economy tumbling back into recession. >> bob, do you think this is enough to scare both sides into making an agreement? when you hear ben bernanke saying this is enough to scare the economy back into a recession, like we need to go there again? >> well, i think what he's been saying, what he's saying is what a lot of people are saying. we have the stifling atmosphere in washington and we need sort of the innovative approach. for instance, if yo
happy thanksgiving. >>> and join meganow for more on what the fiscal cliff could mean for you, wanda summers and bob frankton. welcome to both of you. happy thanksgiving. >> happy thanksgiving. >> we had on the other day fed chairman ben bernanke who issued the dire warning to the president. i want to play what he said. here it is. >> the realization of all the tax increases and spending cuts that make up if fiscal cliff with offsetting changes would pose a...
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Nov 27, 2012
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. >> this weekend you can talk with oklahoma senator tom coburn about the fiscal cliff, affordable care act and the future of the republican party on book tv's "in-depth." the senator has written several books and reports. join the three-hour conversation with your calls, e-mail, tweets and facebook, it's for medical doctor, author and senator tom coburn on book tv's "in-depth." on c-span2. >> coming up today on c-span, live from capitol hill with "washington journal." 11:30 a.m., senate assistant majority leader dick durbin talks about the efforts to resolve the so-called this cliff. at 2:00 p.m. eastern the u.s. house returns from banks given to work on legislation regarding homeland security and border security -- house returnsm
. >> this weekend you can talk with oklahoma senator tom coburn about the fiscal cliff, affordable care act and the future of the republican party on book tv's "in-depth." the senator has written several books and reports. join the three-hour conversation with your calls, e-mail, tweets and facebook, it's for medical doctor, author and senator tom coburn on book tv's "in-depth." on c-span2. >> coming up today on c-span, live from capitol hill with...
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Nov 29, 2012
11/12
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. >> and the point man for the obama administration in fiscal cliff talks, what he is doing today. n every time someone chooses finish over cascade, it sparks a movement. because people can't keep it to themselves. look ! no ugly spots ! awesome! incredible shine. i'm switching for good. love, love, love finish! over a million people have switched to finish. visit us on facebook. . >>> cloudy, breezy and mild upper 50s on the lows, we will see mid60s. if we got any sun it would feel tropical. rain moves back in later this afternoon and evening . >> steve time is now 8:14. next month cosco will spend $3 billion to pay a special 7- dollar dividend to share holders. they want to make the pay out before the higher tax rates may kick in this case congress and the white house can't reach a budget compromise. other companies including tyson foods and wind resorts have announced similar moves. there are reports apple is considered doing the same thing but of course apple has made no comment yet. >> the president is sending the treasurey secretary to capitol hill for fiscal cliff talks with
. >> and the point man for the obama administration in fiscal cliff talks, what he is doing today. n every time someone chooses finish over cascade, it sparks a movement. because people can't keep it to themselves. look ! no ugly spots ! awesome! incredible shine. i'm switching for good. love, love, love finish! over a million people have switched to finish. visit us on facebook. . >>> cloudy, breezy and mild upper 50s on the lows, we will see mid60s. if we got any sun it would...
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the and worst of the fiscal cliff we beat that up a lot on the show though so we're going to talk with you about some more things after the break more at michael kroger in a moment also still ahead right here money velocity is at historic lows what it means and why it matters inboard of the day and in loose change turkey pays its bills to run in gold but first the closing market numbers. good news you see good leverage or two mccurry was able to build a new most sophisticated robot which fortunately doesn't give a darn about anything tunes mission to teach music creation why it should care about humans in the world this is why you should care what you're only on the. parents versus social workers docu nabby pm last stop the lands good many children have become prizes to fight for why does the law or threaten families of the social for reducing the female they have right of will hold many more they feel that they have any kind of for suspicion about the world war for your children are often a just better at bringing up kids than their own mom and dad. using what we haven't . just to. co
the and worst of the fiscal cliff we beat that up a lot on the show though so we're going to talk with you about some more things after the break more at michael kroger in a moment also still ahead right here money velocity is at historic lows what it means and why it matters inboard of the day and in loose change turkey pays its bills to run in gold but first the closing market numbers. good news you see good leverage or two mccurry was able to build a new most sophisticated robot which...
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Nov 27, 2012
11/12
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a lot of talk about the fiscal cliff in washington. we want to turn to all of you outside of washington and get your take on this idea of going off the fiscal cliff. we'll start with glenn in new york. democratic color. go ahead. >> guest: you know, i'd to remark on how relatively quickly it sounds like the white house is willing to sell out. you know, if we go off the fiscal cliff to january 2, and pronounce, you know, our willingness to help the republicans negate the pledge not to raise taxes by simply letting it expire, and then any tax changed to reduce taxes will be a tax cut. they will be glad to sign. all other superrich backers who are now going to face 55% estate tax on anything over $1 billion will be coming in, screaming over their shoulders, signed a got dam thing. and you know, we're not going to have $200 billion spending if after january 1 we signed a new tax bill the second or third. so the fact that obama's administration is willing to make it sound like he's averting a catastrophe over the full 2013 is an insult to p
a lot of talk about the fiscal cliff in washington. we want to turn to all of you outside of washington and get your take on this idea of going off the fiscal cliff. we'll start with glenn in new york. democratic color. go ahead. >> guest: you know, i'd to remark on how relatively quickly it sounds like the white house is willing to sell out. you know, if we go off the fiscal cliff to january 2, and pronounce, you know, our willingness to help the republicans negate the pledge not to...
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the and worst of the fiscal cliff we beat that up a lot on the show though so we're going to talk with you about some more things after the break more of michael kroger in a moment also still ahead right here money velocity is at historic lows what it means and why it matters inboard of the day and loose change turkey pays its bills to run in gold but first your closing market numbers. download the official publication so choose your language stream quality and enjoy your favorite. t.v. is not required to watch on t.v. all you need is your mobile device watch our t.v. any time of the. leg. look at the lead. i think. before the break we were talking about the government's role in distorting the economy we're talking about farm subsidies we were talking about the fed i don't know if people realize how involved the government still is in housing let's listen to the mortgage professional barry have been talking about it. a third of the transactions that we see happening in the housing market are going through harder going through government programs like f.h.a. and v.a. if those were to be
the and worst of the fiscal cliff we beat that up a lot on the show though so we're going to talk with you about some more things after the break more of michael kroger in a moment also still ahead right here money velocity is at historic lows what it means and why it matters inboard of the day and loose change turkey pays its bills to run in gold but first your closing market numbers. download the official publication so choose your language stream quality and enjoy your favorite. t.v. is not...
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the n word to the fiscal cliff we beat that up a lot on the show though so we're going to talk with you about some more things after the break more of michael kroger in a moment also still ahead right here money velocity is at historic lows what it means and why it matters inboard of the day and loose change turkey pays its bills to run in gold but first your closing market numbers. parents versus social workers document being the last stop you and me the lands damn good many children have become prizes to find why does the long threaten families of the social for reducing the theme of they have right of the whole minimal me facing but they have any kind of for suspicion about the world will feel for your children are often just better at bringing up kids than their own mum and dad. using what we have an industry that is so. close and try to pull the lever for true too. before the break we were talking about the government's role in distorting the economy we're talking about farm subsidies we were talking about the fed i don't know if people realize how involved the government still is
the n word to the fiscal cliff we beat that up a lot on the show though so we're going to talk with you about some more things after the break more of michael kroger in a moment also still ahead right here money velocity is at historic lows what it means and why it matters inboard of the day and loose change turkey pays its bills to run in gold but first your closing market numbers. parents versus social workers document being the last stop you and me the lands damn good many children have...
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Nov 24, 2012
11/12
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KTVU
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five dollar tickets for exhibition games. >> we are six weeks from the fiscal cliff deadline. if there is no deal in this political deal. >> and a live look outside. traffic rolling into the mcarthur maze, all of them come together around there. no big incidents to report right now. we he have a few crashes in marin. another one near the 880, 980 interchange. 8:41. . >>> good morning. live look there at blue skies over oakland. calm conditions, 46 degrees outside. >> people in gaza say israel is letting up it's border restrictions as part of a cease fire but it hasn't all been smooth. >> reporter: the cease fire faced it's first major test. several hundred palestine ans approached a border . after shouting warnings to the crowd israeli troops opened fire killing one, wounding more than a dozen. israel and hamas accuse each other of violating the agreement but so far both side's have shown restraint. the top hamas leader appeared in public and even he avoided the norm allan gauge that goes with most incidents. >> our information is it's not israeli aggression. some people tried
five dollar tickets for exhibition games. >> we are six weeks from the fiscal cliff deadline. if there is no deal in this political deal. >> and a live look outside. traffic rolling into the mcarthur maze, all of them come together around there. no big incidents to report right now. we he have a few crashes in marin. another one near the 880, 980 interchange. 8:41. . >>> good morning. live look there at blue skies over oakland. calm conditions, 46 degrees outside. >>...
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Nov 26, 2012
11/12
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KRON
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--cliff >> when you look at the fiscal cliff from far away it looks like a drop. it is more like a staircase. the debt ceiling is how this all began and it is the total amount the government can borrow to meet its existing obligations. we headed at the end of 2012, though the fall can be avoided toe 2013. the treasury department deems that extraordinary measures. in 2011 house republicans refused to raise the debt ceiling. without an agreement the result was a debacle. as a downgrading u.s. credit for the first time in history. without a new deal on january 1st tax hikes will kick and very 661 billion for next year alone and that includes the expiration of the so-called must tax cuts. -- the bush americans will start to feel those with the first paychecks of the new year arrive. sequester kicks in january 2nd and those cuts amount to $78 billion next year. several companies with government contracts of already pulled back on hiring. some have slowed work. most americans will not truly feel the effects of these sequestered until the middle of next year. layoffs are
--cliff >> when you look at the fiscal cliff from far away it looks like a drop. it is more like a staircase. the debt ceiling is how this all began and it is the total amount the government can borrow to meet its existing obligations. we headed at the end of 2012, though the fall can be avoided toe 2013. the treasury department deems that extraordinary measures. in 2011 house republicans refused to raise the debt ceiling. without an agreement the result was a debacle. as a downgrading...
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the and worst of the fiscal cliff we beat that up a lot on this show so we're going to talk with you about some more things after the break more of michael kroger in a moment also still ahead right here money velocity is at historic lows what it means and why it matters in word of the day and loose change turkey pays its bills to iran in gold but first your closing market numbers. and. here's mitt romney trying to figure out the name of that thing that we americans call a dollar. i'm sorry i'm just the guy who cares an awful lot about you sir are a fool you know what kind of minor terror cells in your neighborhood want us to defeat terrorism be on the liberal democrats. can really sort of. you know support you to distract us from what you and i should care about because they're profit driven industry that sells a sensationalistic garbage he calls it breaking news i'm having martin and we're going to break this but it's. before the break we were talking about the government's role in distorting the economy we're talking about farm subsidies we were talking about the fed i don't know i
the and worst of the fiscal cliff we beat that up a lot on this show so we're going to talk with you about some more things after the break more of michael kroger in a moment also still ahead right here money velocity is at historic lows what it means and why it matters in word of the day and loose change turkey pays its bills to iran in gold but first your closing market numbers. and. here's mitt romney trying to figure out the name of that thing that we americans call a dollar. i'm sorry i'm...
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the and worst of the fiscal cliff we beat that up a lot on the show though so we're going to talk with you about some more things after the break more of michael kroger in a moment also still ahead right here money velocity is at historic lows what it means and why it matters inboard of the day and in loose change turkey pays its bills to run in gold but first your closing market numbers. parents versus social workers docu nabby pm last stop good landing the landstar kidnapping children have become a prize used to fight for why does the law or threaten families of the social order to see the theme of the right of your home the more they feel that they have any kind of suspicion about the world both of your children are often just better at bringing up kids than their own mom and dad. from what we have an industry that is so. close and triple. the footrace true. story. to. break. the law. why you don't tell me how much you are my. primary. before the break we were talking about the government's role in distorting the economy we're talking about farm subsidies we were talking about the f
the and worst of the fiscal cliff we beat that up a lot on the show though so we're going to talk with you about some more things after the break more of michael kroger in a moment also still ahead right here money velocity is at historic lows what it means and why it matters inboard of the day and in loose change turkey pays its bills to run in gold but first your closing market numbers. parents versus social workers docu nabby pm last stop good landing the landstar kidnapping children have...
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Nov 29, 2012
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cliff. he is due to meet to talk about how to avoid a series of tax heights and series of cuts due to begin in january. president barack obama said he will do whatever it takes to get this done and also today, president barack obama will have lunch at the white house with mitt romney, his former rival. during his election speech he said he would reach out to mitt romney and he is doing it. the white house has no specific ideas but they are looking forward to making the government work more efficiently. >>> there is an accident in the east bay, a big-rig slammed into three parked cars and has spilled diesel. it slammed into these cars here and the fire department is trying to mop up the diesel fuel spill. this is right between san leandro and cost trough valley. and it is off of 162nd avenue and you can see that it has created quite a mess there, so the crews will be there for quite some time trying to contain this. it did happen almost an hour ago so they have been on the scene almost an hou
cliff. he is due to meet to talk about how to avoid a series of tax heights and series of cuts due to begin in january. president barack obama said he will do whatever it takes to get this done and also today, president barack obama will have lunch at the white house with mitt romney, his former rival. during his election speech he said he would reach out to mitt romney and he is doing it. the white house has no specific ideas but they are looking forward to making the government work more...
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95
Nov 24, 2012
11/12
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CSPAN
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the fiscal cliff elapsing tax cuts. the second piece is the sequestration. $100 billion a year being sequestered from the increases in the budget. these are not cuts the way you or i think of cuts. these are budget increasing not as rapidly as the various agencies will buy them to. the $2 billion of that is out of national defense and $30 billion of that at the domestic discretionary -- $50 billion of that is out of national defense and $50 billion of that is domestic discretionary. will the republicans keep obama on a short leash and give him an allowance every month in return for better behavior or will they give him a debt ceiling that goes along time? what will happen? one option is looked to history. two years ago we faced exactly this situation, the 2001 2003 tax cuts all lapsed. we had a republican house coming in, and democratic senate and democratic president. why would that not the way you do? obama says i will hold my breath until i turn blue and stamp my feet. 2 years ago he said he did not want to raise tax
the fiscal cliff elapsing tax cuts. the second piece is the sequestration. $100 billion a year being sequestered from the increases in the budget. these are not cuts the way you or i think of cuts. these are budget increasing not as rapidly as the various agencies will buy them to. the $2 billion of that is out of national defense and $30 billion of that at the domestic discretionary -- $50 billion of that is out of national defense and $50 billion of that is domestic discretionary. will the...
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Nov 26, 2012
11/12
by
KTVU
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-- police cal cliff, saying the threat -- fiscal cliff saying this could drive people to spend less this holiday season if congress does not act by the end of the year, everybody will owe more in taxes come next april and that most certainly could affect people's spending habits now. >> i think it means they are not spending as much as they would because they still don't know what is gonna happen. >> congress only has 35 days to come to an agreement on deficit reduction. if they don't, automatic tax increases and spending cuts will go into effect january 1st. both parties say they are ready to compromise but still no real progress has been made. >>> 7:33. one bay area hospital demanding to be reimbursed by the los angeles dodgers for the treatment it gave to bryan stow, the giants' fan brutally beaten in l.a. brian flores is live at san francisco general hospital with more. >> reporter: hi, dave. san francisco general hospital is seeking a $1.2 million medical reimbursement from the dodgers for medical care of bryan stow. the hospital went to -- hospital went to u.s. bankruptcy cour
-- police cal cliff, saying the threat -- fiscal cliff saying this could drive people to spend less this holiday season if congress does not act by the end of the year, everybody will owe more in taxes come next april and that most certainly could affect people's spending habits now. >> i think it means they are not spending as much as they would because they still don't know what is gonna happen. >> congress only has 35 days to come to an agreement on deficit reduction. if they...
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414
Nov 24, 2012
11/12
by
FOXNEWSW
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we appreciate it. >> all right, coming up on the show, the countdown to that fiscal cliff is on. so, should republicans agree to raise taxes on the wealthy just to get a deal done? >> we report, you decide. >> and then thousands take to the streets in egypt, protesting their president's power grab. and just face after president obama's administration praised him. are the policies to blame in the east. we'll talk about that coming up. >> first, check with david asman before i look at what's coming up at the top of the hour. >> good morning, from turkey to trouble. unions out in force, major strikes across america this busy holiday weekend. are their protests justified for another strike against the economy and giving thanks for handouts? one government agency promoting welfare give aways to new immigrants. can america afford this? federal workers have a message for congress when it returns to the fiscal cliff next week, layoff. they say they've already paid their debts, but have they? the cost of freedom at the top of the hour. we'll see you then. tends to . while a body in motion
we appreciate it. >> all right, coming up on the show, the countdown to that fiscal cliff is on. so, should republicans agree to raise taxes on the wealthy just to get a deal done? >> we report, you decide. >> and then thousands take to the streets in egypt, protesting their president's power grab. and just face after president obama's administration praised him. are the policies to blame in the east. we'll talk about that coming up. >> first, check with david asman...